Is Canada's Construction Industry in Trouble?

Rod Gilbert, president of the Canadian Construction Association, highlights the construction industry's challenges including COVID-19 impacts and the housing crisis. He stresses the need for infrastructure investment, streamlined permitting, and solutions for labor shortages. Gilbert advocates for government support and improved construction job perception to attract workers, aiming to strengthen Canada's infrastructure future.  GTHA condo sales hit a 30-year low in 2024, with just 4,590 units sold.  Purpose-built rentals now exceed condo construction for the first time since 1993, while single-family permits reach historic lows.  Construction employs 1.6 million people and adds $151B to Canada's economy, though facing workforce and infrastructure challenges. Canadian Construction Association Exchange-Traded Funds (ETFs) | BMO Global Asset Management Buy & sell real estate with Ai at Valery.ca  Get a mortgage pre-approval with Owl MortgageSee omnystudio.com/listener for privacy information.